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Microsoft Shares Could Sink to Low $30s

MKM Partners noted a week of disappointment for the tech giant.

January 9, 2014

Microsoft (MSFT: Nasdaq) By MKM Partners ($36.41, Jan. 8, 2014)

We maintain a Neutral rating and $30 fair-value estimate on Microsoft. As we move past the eventual disappointment of the chief-executive transition and as investors begin to refocus on still challenging fundamentals, we believe the stock is likely to retrace back to the lower $30s.